EU is Drilling for Independence from Russian Oil
Despite being at the center of the largest military conflict in Europe since World War II, Russia’s natural gas continues to flow through Ukraine to the rest of the continent. Natural gas is one of the several commodities affected by Russia’s invasion of Ukraine. The European Union receives roughly 40% of its natural gas from […]
China’s Lockdowns Putting Strain on World’s Economy
Shanghai, home to China’s leading financial center and some of its largest sea and airports, has been under lockdown for more than two weeks with no sign of ending. China’s unwavering commitment to its “Zero-Tolerance” Covid-19 policy threatens to deal a hefty blow to its economy while placing further stain on global supply chains and […]
More Bills Propose More Russian Sanctions
As Russia-Ukraine tensions continue to escalate, two new bills proposing further sanctions on Russia passed quickly through both chambers of legislation and are currently on their way to the desk of President Biden for review. Once passed, the bills will suspend regular trade between Russia and Washington and ban Russian oil imports. Four weeks ago, […]
TCC Donates Binoculars for Environmental Education Programs
The Chemical Company recently donated 100 pairs of binoculars to several local nonprofit organizations. One of these organizations includes Save The Bay, a RI-based nonprofit dedicated to the education and conservation of Narragansett Bay. Legal Counsel Karen Benson made the donation on TCC’s behalf. Benson met with Captain Eric Pfirrmann at the docks of Bowen’s […]
FSC – What’s a Fuel Surcharge, why does it matter, and why is making freight so expensive?
A Fuel Surcharge—commonly referred to as an FSC—is defined by Flexport as a fee assessed by a carrier to account for regional or seasonal advantages in fuel costs. An FSC is most common in trucking industries, but ocean or air carriers may also assess fuel surcharges during critical times or seasons. Changing FSC rates are […]
